Experimental investigation of stationary concepts in cyclic duopoly games
通过实验检验了三种静态概念(纳什均衡、冲动平衡均衡和收益抽样均衡)在两种循环双寡头博弈中的预测效果,发现收益抽样均衡表现最佳,且数据随时间有向纯策略均衡协调的微弱趋势。
Abstract We experimentally test the predictive success of three stationary concepts in two cyclic duopoly games. The concepts are Nash equilibrium, impulse-balance equilibrium and payoff-sampling equilibrium. In the experiment 11 independent subject groups, consisting out of six participants interacting over 200 rounds, were gathered for each game. The comparison of the three concepts with mixed strategies shows that the order of performance from best to worst is as follows: payoff-sampling equilibrium, impulse-balance equilibrium, and Nash equilibrium. In addition the data exhibit a weak but significant tendency over time in the direction of coordination at a pure strategy equilibrium.